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Title : What Would Last A Radical Simply Audio Approach To Treatment Puerto Rico’S Huge Debt?
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What Would Last A Radical Simply Audio Approach To Treatment Puerto Rico’S Huge Debt?

Justin Raimondo writes:

Trump’s unwillingness to bail out investors inwards stricken Puerto Rico’s huge debt - similar Seth Klarman, the latest antiTrump warrior - evokes the radical libertarian telephone recollect of theorist Murray Rothbard to repudiate regime debt equally an illegitimate contract

Raimondo continues:

The abrupt add-on of oligarch Seth Klarman to the visible ranks of the Resistance  … is linked to his ownership of Puerto Rico’s debt

The Intercept reports:

 FOR YEARS, THE identity of the possessor of i of the largest holdings of Puerto Rican debts has been a mystery.

That mystery has in conclusion been solved, alongside the aid of the The Baupost Group, who unmasked themselves to The Intercept. The Baupost Group, a Boston-based hedge fund managed yesteryear billionaire Seth Klarman, owns nigh $1 billion of Puerto Rican debt, purchased nether a trounce companionship subsidiary together with hidden from world scrutiny. Baupost acquired the debt through an on-paper Delaware-based venture named Decagon Holdings LLC, whose beneficial possessor had been unknown until now.

“The Baupost Group is a holder of COFINA bonds through the Decagon entities,” said Baupost spokesperson Diana DeSocio. “Baupost regularly makes investments through subsidiary belongings entities.”

-RW  

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